Dillon & Associates provides portfolio management for individuals and small businesses and pension consulting.
Dillon & Associates reports 394 clients. They include 328 individual clients, 40 high-net-worth individuals, and 17 pension and profit-sharing plans. Of its assets, 17.9% ($164M across 125 accounts) are managed with discretion; $752M across 838 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 83% | 36% |
| High-net-worth individuals | 10% | 49% |
| Pension and profit-sharing plans | 4% | 10% |
| Charitable organizations | 2% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 328 | $330M | 36.1% | $1.01M |
| High-net-worth individuals | 40 | $453M | 49.4% | $11.3M |
| Pension and profit-sharing plans | 17 | $87.1M | 9.5% | $5.12M |
| Charitable organizations | 9 | $45.8M | 5.0% | $5.09M |
| Total | 394 | $916M | 100% | $2.33M |
- Clients
- 328
- Regulatory AUM
- $330M
- AUM share
- 36.1%
- Avg. per client
- $1.01M
- Clients
- 40
- Regulatory AUM
- $453M
- AUM share
- 49.4%
- Avg. per client
- $11.3M
- Clients
- 17
- Regulatory AUM
- $87.1M
- AUM share
- 9.5%
- Avg. per client
- $5.12M
- Clients
- 9
- Regulatory AUM
- $45.8M
- AUM share
- 5.0%
- Avg. per client
- $5.09M
Total
- Clients
- 394
- Regulatory AUM
- $916M
- AUM share
- 100%
- Avg. per client
- $2.33M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Dillon & Associates charges 0.60%–0.80% a year for its Advisory Fee on Assets Under Management. Each asset band is charged at its own rate. The fee is billed in arrears.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 0.80% |
| $2M–$4M | 0.70% |
| $4M and above | 0.60% |
Fee details and sources
Jeffrey Dillon owns 75% or more of Dillon & Associates. The leadership team of Dillon & Associates includes President Jeffrey Dillon and Chief Compliance Officer Eric Grasse. It has 8 employees, 4 of them in advisory roles.
Leadership
- Jeffrey DillonPresident
- Eric GrasseVice-President/Chief Compliance Officer
- Vickie DillonSecretary
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 4 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Dillon & Associates Inc
Jeffrey Dillon
Control person · since December 2010
- Owns 10% to 25% of Dillon & Associates Inc
Eric Grasse
Control person · since December 2004
Dillon & Associates’ regulatory assets grew 1.6× from $577M (March 2021) to $916M (June 2026); clients rose from 271 to 394 and employees from 5 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $916M | 394 | 8 | 1 |
| March 2025 | $853M | 352 | 6 | 1 |
| April 2024 | $656M | 339 | 7 | 1 |
| March 2023 | $556M | 328 | 6 | 1 |
| March 2022 | $698M | 298 | 6 | 1 |
| March 2021 | $577M | 271 | 5 | 1 |
Besides its headquarters, Dillon & Associates has 0 offices, with 1 listed address in Michigan.
Michigan · 1 listed address
- 2585 Spring Arbor Road, JacksonHQ
Contact and registration details
- Legal name
- Dillon & Associates Inc
- Headquarters
- 2585 Spring Arbor Road, Jackson, MI 49203
- Website
- dillon-assoc.com
- Phone
- 517-796-7090
- SEC file
- 801-31572
- Founded
- 1988
- Structure
- Michigan corporation
- Fiscal year end
- December
Dillon & Associates uses Charles Schwab ($694M, 85%) and Fidelity ($121M, 15%) as custodians for its separately managed accounts. Dillon & Associates does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $694M85%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $121M15%
At year end, Dillon & Associates’ separately managed accounts were mostly in stocks (85%). Its reported 13F holdings for the quarter ended 30 June 2026 total $817K across 80 positions; the largest are Nvidia Corp. (20.8%), Apple Inc. (8.9%) and Alphabet Inc. CL A (8.4%).
What the accounts hold
- Stocks85%
- Funds6%
- Bonds2%
- Cash7%
Reported 13F holdings
- $817K
- Reported 13F value
- 80
- Positions
- 63.2%
- In the 10 largest
- +12.5%
- Value vs. prior quarter
- Nvidia Corp. · Nvda20.8%
- Apple Inc. · Aapl8.9%
- Alphabet Inc. CL A · Googl8.4%
- Palo Alto Networks · Panw5.3%
- Visa Inc. · V4.9%
- Stryker Corp. · Syk3.6%
- Amazon.com Inc. · Amzn3.0%
- Casey's General Stores · Casy3.0%
- Abbott Laboratories · Abt2.8%
- Alphabet Inc. CL C · Goog2.5%
Together, the ten largest are 63.2% of reported value.
How many clients does Dillon & Associates have?
Dillon & Associates has 394 clients and manages $916 million for them, as of June 2026. They include 328 individual clients, 40 high-net-worth individuals, and 17 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026
What services does Dillon & Associates offer?
Dillon & Associates provides portfolio management for individuals and small businesses and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Dillon & Associates charge?
Dillon & Associates charges 0.60%–0.80% a year for its Advisory Fee on Assets Under Management. Each asset band is charged at its own rate. The fee is billed in arrears.
Source: ADV PART 2, filed 30 June 2026
Which custodians does Dillon & Associates use?
Dillon & Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $694M and Fidelity Brokerage Services LLC (Smithfield, RI), with $121M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 June 2026
How many financial advisors does Dillon & Associates have?
Dillon & Associates has 3 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Dillon & Associates invest in?
At the end of its last fiscal year, Dillon & Associates’ separately managed accounts held 85% exchange-traded equities, 7% cash and equivalents, 6% registered funds (mutual funds, ETFs, BDCs) and 2% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Dillon & Associates?
Dillon & Associates’ direct owners are Jeffrey Dillon (75% or more) and Eric Grasse (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 June 2026
How does Dillon & Associates get paid?
Dillon & Associates is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Dillon & Associates registered with the SEC?
Yes, Dillon & Associates has been registered with the SEC as an investment adviser since 4 March 1988. Its CRD number is 104662 and its SEC file number is 801-31572.
Source: Form ADV Part 1A, Item 1, filed 30 June 2026; IAPD firm record
How do I contact Dillon & Associates?
Dillon & Associates’ main office is at 2585 Spring Arbor Road, Jackson, MI 49203. Its phone number is 517-796-7090. Its website is dillon-assoc.com.